Stockholm-based sustainability fintech Deedster has successfully raised SEK 15 million in an investment round led by Wellstreet.
Deedster’s SaaS platform provides personalized sustainability data and guidance, helping consumers measure, understand, and take concrete steps to reduce their carbon footprint. Additionally, Deedster assists financial institutions in meeting the growing regulatory demands to combat climate change, including compliance with CSRD legislation.
Since its founding in 2016, Deedster has acquired 140 clients across more than 50 countries, including prominent names like SEB, Radicant Bank, Contovista, Swiss Re, AXA, and Zurich.
The new funding will be used to expand Deedster’s reach, targeting larger financial institutions and neobanks throughout Europe, with a focus on the Nordics, DACH, and UK markets.
Armando Coppola, partner and fund manager at Wellstreet, commented, “Deedster’s technology is poised to become a standard for bank customers within a few years. The team has developed an impressive product that leverages customer transaction data to visualize their environmental footprint. Banks are uniquely positioned to promote more eco-friendly consumption, and those using Deedster’s service have already shown promising results.”
Source: finextra.com
